Health & Beauty
The latest news, updates and analysis on the health and beauty segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
-
Oct- 2020 -26 October
Unilever Q3 sales up 4.4%
Unilever has announced underlying sales growth of 4.4% for Q3 despite the impact of Covid-19. Turnover for Q3 fell 1.3% to €5.98bn (£5.43bn) from €6.06bn (£5.49bn) the previous year which the company attributed to the “changing consumer and channel dynamics” that have come about as a result of the Covid-19…
Read More » -
2 October
The Hut Group acquires Perricone for £46m
The Hut Group has acquired Perricone MD, a US luxury skincare brand, in a $60m (£42m) deal. The sale follows the online retailer’s recent acquisitions of ESPA and Christopher Robin. Perricone MD describes itself as a ‘‘science-led’’ skincare brand and has approximately 100 product patents. The Hut Group said it…
Read More » -
Aug- 2020 -21 August
Estée Lauder to axe up to 2,000 jobs
Estée Lauder has announced that it will axe between 1,500 and 2,000 positions across its global business in a bid to restructure the company following the coronavirus crisis. The redundancies, which form part of its ‘Post-Covid Business Acceleration Program’, will primarily affect point of sale employees and support staff in…
Read More » -
20 August
Mothercare unveils new business model
Mothercare has announced the launch of a “more sustainable and less capital-intensive” business model going forward. The new model comes into effect from the Autumn/Winter 2020 season, and follows “constructive” discussions with its international franchise and manufacturing partners. The discussions were held in a bid to modernise the business and…
Read More » -
4 August
DW Sports falls into administration, 1,700 jobs at risk
DW Sports has collapsed into administration, placing around 1,700 jobs at risk. BDO announced that its restructuring partners, Graham Newton and Ryan Grant, were appointed joint administrators of the sportswear and fitness company on 3 August 2020. The group currently operates 50 retail sites and 73 gyms across the UK,…
Read More » -
Jun- 2020 -30 June
Coty purchases 20% stake in KKW Beauty
Cosmetics and beauty company Coty has announced it has purchased a 20% stake in Kim Kardashian West’s KKW Beauty brand for $200m (£162 million). Kardashian West began her beauty range three years ago and the stake has been purchased off a brand valuation of $1bn (£813m). Earlier this year, Coty…
Read More » -
10 June
The Hut Group reports FY sales of £1.1bn
Health and beauty retailer The Hut Group (THG) has reported a 24% increase in group sales to £1.14bn in its full year results. In the year ended 31 December, the company reported a 22% increase in gross profit to £511m compared with £417m in 2018. International sales attributed to 66%…
Read More » -
Apr- 2020 -3 April
Boots reports 18% decrease in operating income amid Covid-19 virus outbreak
Health and beauty retailer Boots has reported a 18.7% decrease in operating income to $1.2bn (£973m) as a result of the Covid-19 virus pandemic. In its six months to 29 February, Boots reported its sales increased by 3.7% to $35.8bn (£29.1bn), as operating income decreased by 12% to $1.7bn (£1.38bn).…
Read More » -
Dec- 2019 -16 December
The Hut Group completes €1bn capital raising
The Hut Group has announced a €1bn (£830m) raise in capital in order to deliver a “step- change” to its balance sheet ahead of “anticipated macro-economic” and “political changes arising from the general election and Brexit”. The health and beauty platform has revealed BlackRock, a long term investor in The…
Read More » -
Jun- 2019 -28 June
Boots sees sales decline in Q3
Retail sales at Boots UK declined 2.6% in its Q3 results ending 31 May 2019 while pharmacy sales increased 0.8%. The health and beauty chain’s sales had an impact on its parent company Walgreens Boots Alliance’s overall performance, as it saw sales of $2.8bn (£2.2bn) – a decrease of 7.3%…
Read More »
